Archive | Biz

Trading has been halted on the New York Stock Exchange. CNN’s Alison Kosik reports; so far no malicious activity suspected. Trading was halted on the New York Stock Exchange floor Wednesday due to an apparent technical issue. The interruption began about 11:30 a.m. ET / 10:30 a.m. CT stopped trading of all symbols “NYSE/NYSE MKT […]

Rupert Murdoch is preparing to hand over the CEO job at Twenty-First Century Fox Inc. to his son, James, while his other son, Lachlan, will become executive co-chairman News Corporation News Corporation (officially referred to as News Corp) is an American multinational mass media company, formed as a spin-off of the former News Corporation, founded […]

Telecom giant Verizon announced Tuesday it will be buying AOL for $50 per share, or about $4.4 billion. The transaction will be completed this summer and will take the form of a tender offer followed by a merger. AOL will be a wholly-owned subsidiary of Verizon, according to today’s announcement. “Verizon’s acquisition further drives its […]

Whole Foods is planning to open a new chain of stores with lower prices that aims to attract millennial shoppers. Whole Foods has faced increasing competition from stores such as Mariano’s, Jewel-Osco, and Aldi’s who have increased their promotion of organic and natural products. While hard core Whole Foods shoppers are unlikely to stray to […]

Arlington Heights Ford is aiming to help raise $10,000 for five local charities, and they’re doing it by getting fit. Back in November, the team at Arlington Heights Ford took the Beach Body Challenge – a company-wide initiative to get fit and feel healthier. And even their general sales manager John Guido Jr. got involved. […]

Bruce Willis has risen from a Jersey boy to a famous actor and real estate mogul. Motion pictures featuring Bruce Willis have grossed $2.64 billion to $3.05 billion at North American box offices. Beginning with Die Hard in 1988, the first three movies of the Die Hard series grossed over $700 million internationally and secured […]

A business breakfast meeting will be hosted by the Arlington Economic Alliance on Wednesday, May 6, 7:30 a.m. Conversation will focus on fresh ideas that could benefit your business, such as marketing opportunities, funding programs, workforce development, business consulting and much more, according to a release on the official Village of Arlington Heights website. Interested […]

Apple replaces AT&T in the Dow 30, joining America’s most exclusive stock index. Alison Kosik explains why now is the perfect time for Apple. Apple’s seven-for-one stock split June 2014 qualified the stock’s inclusion in the Dow and put it in line with virtually all of the DJIA eligibility criteria. Apple demonstrated sustained growth, has […]

A Johnson & Johnson subsidiary pleaded guilty on Tuesday to selling liquid medicine contaminated with metal and agreed to pay $25 million to resolve the case, the U.S. Department of Justice said on Tuesday. McNeil Consumer Healthcare, a subsidiary of Johnson & Johnson pleaded guilty to one federal criminal charge in a case involving accusations […]

Verizon is dropping The Weather Channel from its FiOS TV service, reporting that more and more customers are getting their weather information on phone apps and online. Verizon reports that the The Weather Channel’s contract ran out and was not renewed for its 5.6 million Verizon FiOS TV customers. Verizon is still offering weather channels […]

In October 2013, Motley Fool’s Jon Quast reported on two factors that were hurting Panera Bread. The first factor referenced stores not being able to complete more transactions during peak restaurant hours. In 2013, Panera estimated that it lost six to 12 customers per day per store as people decided not to wait in line. […]

David Cameron says a second financial crash is imminent. If he’s right, it’s because politicians bailed out the wrong industry, argues Renegade Economist Ross Ashcroft. Bankers and politicians saved the wrong industry, says Economist Ross Ashcroft. First Massive Fail Instead of channeling money into the real economy where we all work, politicians pumped money into […]